The first product in Qualcomm's Centriq portfolio, the 2400 series features a Falkor CPU and ARMv8-compliant core.

While Qualcomm's (QCOM-0.3%) mobile Snapdragon 830 processors are considered set for fabrication through 10nm process at Samsung Electronics, manufacture of the Centriq server chip for the moment is less evident. An H2 2017 target for release and increased vying with Intel (INTC-0.5%) on 10nm, however, are more clear.

The IoT group is one of three focus areas for INTC, which is transitioning from a PC-focused business to one that powers ubiquitous computing as more and more devices become intelligent and connected.

INTC also says it is forming an automated driving unit that will develop chips and other technology related to self-driving cars and driver-assistance systems, to be led by Douglas Davis, a senior VP who has been running the IoT group and had previously announced plans to retire.

Following Intel's (INTC-0.4%) acquisition of Nervana Systems in August, the company discloses aim to provide "the industry’s most comprehensive portfolio for AI" through the forthcoming "Intel Nervana Platform." Further, silicon optimized for neural network usage, "Lake Crest," will begin testing in H1 2017 and ship to select customers within the year, and a new product, "Knights Crest," that integrates tightly with Xeon processors and Nervana technology, has been added to the product roadmap. Next generation Xeon and Xeon Phi processors, and other AI assets and initiatives are also highlighted in the outline.

Intel's Diane Bryant, executive vice president and general manager of the Data Center Group: "We expect the Intel Nervana platform to produce breakthrough performance and dramatic reductions in the time to train complex neural networks. Before the end of the decade, Intel will deliver a 100-fold increase in performance that will turbocharge the pace of innovation in the emerging deep learning space."

While Intel's position in the artificial intelligence space relative to high-flying Nvidia (NVDA+1.3%) is challenged by some, the former claims it holds 97% share of data center servers operating AI workloads (which is in turn claimed by Mizuho Securities to represent 0.1% of all current server dedication, though expected to grow) and has seemingly choice opportunity to benefit as the AI market rapidly expands.

With this development the latest among a grouping of others in recent days, Google continues to ramp attention on its cloud contribution as it looks to take greater share in a market to this point predominantly led by Amazon and Microsoft.

With developments evolving quickly in the space, and other supply players involved (i.e. Qualcomm/NXP Semiconductors etc.), shifts in advantage and opportunity throughout the field, and these names, are of course nonetheless constantly in motion.

Ing rates Nvidia and Intel at Buy with respective $87 (current price $91.44) and $44 (current price $34.73) targets. Xilinx is set at Neutral with a $35 target (current price $53.66) while Advanced Micro Devices is unrated in the issued commentary.

Disclosed by Intel (INTC+1.2%) CEO Brian Krzanich at the LA Auto Show’s AutoMobility conference, marking the first time the company has represented a keynote participant at an automotive conference. Intent "to make fully autonomous driving a reality" indicated.

James Carwana, GM Intel Sports Group: "Imagine being able to witness a slam dunk from the defender’s perspective or the defensive rush from the quarterback’s perspective. This kind of experience may sound futuristic, but it’s closer than you think."

While it remains to be seen what implementations will result from the purchase, the growing focus by Intel on the "digitization of sports" and technologies revolving around augmented and virtual reality continues.

Update (2:25PM ET): Event concluded. Although other Mac hardware developments were speculated (iMac, MacBook Air), the MacBook Pro was the most highly anticipated. A streamlined 12 to 15-inch offering range, inclusive of the MacBook, is targeted.

While operating deep neural networks has traditionally required external, cloud compute processing, Movidius VPUs are low-power and able to run these algorithms internally.

Movidius CEO Remi El-Ouazzane: “Advances in artificial intelligence are revolutionizing the way we think about personal and public security. The ability to automatically process video in real-time to detect anomalies will have a large impact on the way cities infrastructure are being used. We’re delighted to partner with Hikvision to deploy smarter camera networks and contribute to creating safer communities, better transit hubs and more efficient business operations.”

Hikvision CEO Hu Yangzhong: "There are huge amounts of gains to be made when it comes to neural networks and intelligent camera systems. With the Myriad 2 VPU we’re able to make our analytics offerings much more accurate, flagging more events that require a response, while reducing false alarms. Embedded, native intelligence is a major step towards smart, safe and efficiently run cities. We will build a long term partnership with Movidius and its VPU roadmap."

An adviser to the Court of Justice of the European Union (ECJ) has backed Intel's (NASDAQ:INTC) appeal against a record €1.06B ($1.16B) fine for antitrust violations and believes a lower court should review it.

"Intel's appeal...for abuse of its dominant position should be upheld," Advocate General Nils Wahl said.

EU regulators imposed the penalty in 2009 for Intel's attempts to stifle Advanced Micro Devices (NYSE:AMD). This included giving rebates to major PC makers for purchasing the bulk of their computer chips from Intel.

Projections: Q4 revenue of $15.7B (+/- $500M) [$15.87B consensus], gross margin of 63% (+/- few percentage points), R&D plus MG&A spending of $5.2B, amortization of acquisition-related intangibles included in operating expenses at $0, impact of equity investments and interest and other, net at -$100M, depreciation of $1.5B and tax rate of 22%. For FY 2016, models no non-GAAP restructuring charges and $9.5B (+/-$500M) in full-year capital spending. Remainder of total restructuring and other charges of $2.3B to primarily be recorded between now and mid-2017, with $1.8B realized to-date and $250M anticipated for Q4.

Brian Krzanich, Intel CEO: "It was an outstanding quarter, and we set a number of new records across the business. In addition to strong financials, we delivered exciting new technologies while continuing to align our people and products to our strategy. We’re executing well, and these results show Intel’s continuing transformation to a company that powers the cloud and billions of smart, connected devices."

Despite the after-hours downturn, Intel shares are still presently up 1.2% since yesterday's close.